NetClass Technology (NASDAQ:NTCL) Stock Price Down 9% – Here’s What Happened

Shares of NetClass Technology Inc (NASDAQ:NTCL) traded down 9% during trading on Thursday . The stock traded as low as $0.2523 and last traded at $0.2860. 425,584 shares were traded during mid-day trading, a decline of 23% from the average session volume of 556,124 shares. The stock had previously closed at $0.3143.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NetClass Technology in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, NetClass Technology presently has a consensus rating of “Sell”.

NetClass Technology Stock Down 9.0%

The company’s 50 day moving average is $0.38 and its 200 day moving average is $0.98. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 0.07.

NetClass Technology (NASDAQ:NTCL) last issued its earnings results on Saturday, January 31st. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $3.08 million for the quarter.

Institutional Trading of NetClass Technology

An institutional investor recently bought a new position in NetClass Technology stock. Engineers Gate Manager LP purchased a new stake in NetClass Technology Inc (NASDAQ:NTCL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,966 shares of the company’s stock, valued at approximately $48,000. Engineers Gate Manager LP owned approximately 0.19% of NetClass Technology as of its most recent SEC filing.

About NetClass Technology

Netclass Technology, Inc operates as a holding company, which provides IT solutions to schools, training institutions, corporations, public agencies and other institutions. Its solutions include teaching management, campus management, online teaching, online examination, epidemic prevention and control, education credit block chain system, and lecturer evaluation services. The company was founded January 4, 2022 and is headquartered in Shanghai, China.